Anthropic is scheduling meetings with investors ahead of a potential IPO this year, with Goldman Sachs, Morgan Stanley, and JPMorgan Chase involved in planning. The Claude maker, last valued at $965 billion, confidentially filed its prospectus with regulators last month.
Anthropic is meeting with prospective investors as it lays the groundwork for a potential initial public offering this year, positioning the Claude maker to beat rival OpenAI to the public markets.
Goldman Sachs, Morgan Stanley, and JPMorgan Chase are all involved in planning for the offering, according to people familiar with the matter. Bankers will gauge investor demand before a roadshow and share sale take place.
Anthropic confidentially filed its IPO prospectus with regulators last month. The company has not said when it expects to debut.
The AI startup was last valued at $965 billion — above OpenAI's most recent valuation of $852 billion — underscoring the scale of capital that has flowed into frontier AI development in a compressed period.
The investor outreach comes as Anthropic has built a significant market presence around Claude, its family of large language models, which competes directly with OpenAI's ChatGPT and GPT-series models in both consumer and enterprise markets.
Anthropic's IPO preparations arrive against a broader backdrop of AI investment momentum. In India, vibe-coding startup Emergent on Wednesday closed a $300 million Series C round that valued the Bengaluru-based company at $1.5 billion, making it the second Indian AI unicorn within a month. Emergent said approximately 12 million apps were built on its platform in the past year, with 70% of its users having no prior coding experience.
"We built Emergent for the non-technical entrepreneur and the small business owner," said Mukund Jha, co-founder and chief executive of Emergent.
Creaegis led Emergent's round, joined by Claypond and Sentinel Global, with existing backers Khosla Ventures, SoftBank Vision Fund 2, Lightspeed, and Y Combinator also participating. The raise followed Sarvam, India's full-stack sovereign AI company, securing a post-money valuation of $1.5 billion roughly a month earlier.
Analysts say India still trails global AI leaders — it does not domestically produce cutting-edge chips, lacks a frontier-scale foundation model comparable to leading U.S. or Chinese offerings, and its data center capacity lags considerably. Still, IDC expects 45% of Indian organizations to use specialized cloud services by 2026 to ease computing bottlenecks.
"These are positive signals" but not proof of a major shift, said Mohammad Hassan, head of APAC dividend forecasting at S&P Global Market Intelligence.
For Anthropic, the more immediate question is timing. With no announced debut date, the company's roadshow schedule will likely depend on prevailing market conditions and the appetite institutional investors show during the early gauging process — a dynamic that bankers will be navigating in the weeks ahead.
Sara Montes de Oca is the Editor in Chief of TechEchelon. Previously a correspondent and producer in Washington, D.C., covering business, finance, and politics.
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